Risk Classification & the New Academy Monograph

The Risk Classification Work Group of the Academy’s Risk Management and Financial Reporting Council presented a webinar on March 15 to provide members and interested parties with an in-depth but accessible discussion of the concepts underlying risk classification as it is applied in all actuarial practice areas. The webinar was based on the work group’s monograph, On Risk Classification[1], published in November 2011, which updated the 1980 Risk Classification Statement of Principles.

This webinar was jointly sponsored by the Academy and the Society of Actuaries.

WEBINAR RESOURCES

SPEAKERS

Arnold Dicke, MAAA, FSA, CERA, Chairperson of the Risk Classification Work Group

Burt Jay, MAAA, FSA, FCA, Member of the Risk Classification Work Group

Mark Litow, MAAA, FSA, Member of the Risk Classification Work Group

CE CREDIT

The American Academy of Actuaries believes in good faith that your attendance at this live webinar, “Risk Classification & the New Academy Monograph,” may constitute, depending on your area of practice, an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.

JBEA CPE Credit

The Joint Board for the Enrollment of Actuaries (JBEA) has approved the Academy as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries.

If you are an enrolled actuary, the Academy believes in good faith that you may earn 1.8 CPE non-core credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core and non-core continuing education and the number of CPE credit hours allocated to same for enrolled actuaries. During the live webinar, instructions will be given to attendees on the process for obtaining certificates of attendance.

To constitute formal CE under the JBEA regulations, there must be three (3) or more people involved in substantive pension services physically present with you at your webinar location.